Amendment status not verified — confirm the current text below against the official source.
All loans raised by the Board ilnder this Act shall be a first charge on- . (1) the propcrty vested or wbkF may, hereafter during the curiency of the Iorns, bemme vested in the Board other. than- (J) wny sum set a2art by the Board- \ ;: isthe sinking fuud forthe purpose of paying off any loan; or . . TA Ml L NADU GOVERNMENTGGAZETTE EXTRAORDINARY - - - 31 -- - - (ii) for the payment of pension to its employees; or (I,) the provident or psnsion fund established bl the Board; and (2) the rates leviable by the Board under this Act.